Upwork (NASDAQ:UPWK) Issues Q4 2025 Earnings Guidance

Upwork (NASDAQ:UPWK) updated its fourth quarter 2025 earnings guidance on Monday. The company provided EPS guidance of 0.310-0.330 for the period, compared to the consensus EPS estimate of 0.280. The company issued revenue guidance of $193.0 million-$198.0 million, compared to the consensus revenue estimate of $192.5 million. Upwork also updated its FY 2025 guidance to 1.350-1.370 EPS.

Upwork Stock Down 1.9%

Upwork stock traded down $0.31 during trading hours on Monday, hitting $15.63. The company had a trading volume of 3,874,205 shares, compared to its average volume of 2,575,257. Upwork has a fifty-two week low of $11.13 and a fifty-two week high of $20.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market capitalization of $2.07 billion, a P/E ratio of 8.98 and a beta of 1.54. The firm’s fifty day moving average is $17.02 and its 200-day moving average is $15.14.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Upwork had a return on equity of 44.83% and a net margin of 31.75%. Upwork has set its FY 2025 guidance at 1.350-1.370 EPS. Q4 2025 guidance at 0.310-0.330 EPS. On average, research analysts forecast that Upwork will post 0.84 earnings per share for the current year.

Upwork declared that its board has authorized a share buyback program on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPWK. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Upwork in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Upwork from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Citigroup reaffirmed an “outperform” rating on shares of Upwork in a research note on Wednesday, September 24th. JMP Securities upped their price target on shares of Upwork from $20.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 24th. Finally, UBS Group set a $21.00 price objective on shares of Upwork and gave the stock a “buy” rating in a report on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Upwork has an average rating of “Moderate Buy” and a consensus price target of $19.42.

Insiders Place Their Bets

In other news, CFO Erica Gessert sold 19,036 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.84, for a total transaction of $263,458.24. Following the transaction, the chief financial officer owned 209,202 shares in the company, valued at approximately $2,895,355.68. The trade was a 8.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Hayden Brown sold 60,000 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $13.76, for a total transaction of $825,600.00. Following the transaction, the chief executive officer owned 1,093,485 shares in the company, valued at approximately $15,046,353.60. The trade was a 5.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 222,576 shares of company stock valued at $3,670,318 in the last quarter. Insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. acquired a new stake in shares of Upwork during the 2nd quarter valued at about $11,955,000. Millennium Management LLC boosted its stake in shares of Upwork by 364.0% in the 1st quarter. Millennium Management LLC now owns 789,638 shares of the company’s stock valued at $10,305,000 after purchasing an additional 619,459 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Upwork by 353.6% in the 2nd quarter. First Trust Advisors LP now owns 311,099 shares of the company’s stock valued at $4,181,000 after purchasing an additional 242,516 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Upwork by 8.8% in the 2nd quarter. Invesco Ltd. now owns 2,861,482 shares of the company’s stock valued at $38,458,000 after purchasing an additional 231,103 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Upwork by 27.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,036,334 shares of the company’s stock valued at $13,928,000 after purchasing an additional 225,856 shares during the last quarter. Institutional investors own 77.71% of the company’s stock.

Upwork Company Profile

Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.